Ranked: The Richest Veterans in America visualcapitalist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visualcapitalist.com Daily Mail and Mail on Sunday newspapers.
Sponsored
Twenty years after launching a hedge fund firm with a seed investment from legendary hedge fund manager Julian Robertson, Jr., Chase Coleman is taking a well-deserved victory lap.
The elite investment manager, who never speaks with the press or at conferences, recently sent off a six-page 20-year anniversary letter to clients, which was obtained by
Institutional Investor. The letter recalled Tiger Global’s unlikely launch, reflected on past accomplishments and mistakes, and envisioned the next 20 years all in a sober, non-boastful tone.
And who can blame him?
At 45 years old, Coleman is considered not only one of the best hedge fund managers of his generation but, perhaps more significantly, a member of a very small elite group of Tiger Cubs managers who previously worked for Robertson’s Tiger Management with legends like Stephen Mandel, Jr., John Griffin, O. Andreas Halvorsen, Philippe Laffont, and Lee Ainslie, III.
Covid-19 caused chaos for investors in 2020 but these hedge funds made billions
The funds that did well in 2020 bet early on an acceleration to online as people lived and worked remotely then quickly shifted into a recovery trade betting on restaurants, hotels and travel
(Bloomberg)
Juliet Chung
, The Wall Street Journal
Managers who bet certain stocks would rise and others would fall had their best year in a decade. The biggest winners wagered that e-commerce and cloud computing would thrive while shopping centers and travel struggled
Share Via
For little-known hedge-fund manager Jim Davis, 2020 is a career-defining year.
The one-time analyst for famed hedge-fund manager Julian Robertson Jr. came into the year managing $675 million at his Woodson Capital Management. That ballooned to about $1.7 billion by the end of November after bets he made against bricks-and-mortar retailers and on e-commerce firms hit pay dirt. His returns soared more than 100% for the year through Oc
It’s been a good 2020 for John Thaler, who decided to stage a comeback in January after shutting down JAT Capital in 2015.
After delivering eye-popping returns so far this year, Thaler’s new firm, Hampton Road Capital Management, is forming a strategic relationship with Leucadia Asset Management, the asset management division of Jefferies Financial Group. Leucadia will invest capital in Hampton Road’s long-short equity strategy, which is focused on technology, media, telecommunications, and consumer sectors globally.
According to an investor letter distributed early Friday and obtained by
Institutional Investor, Hampton Road is up 39.4 percent net year-to-date through December 10. The fund has garnered $250 million in assets under management so far, according to sources.